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Tax Dept. conducts search action on Srinagar based group; undisclosed transaction of Rs. 105 crore unearth

October 26, 2020
The Income-tax Dept. has carried out a search and seizure action on a group of three assessees, based in Srinagar. The search has led to a seizure of unaccounted cash amounting to Rs. 1.82 crore and jewellery/bullion worth Rs. 74.00 lakh. Total undisclosed investments and cash transactions of Rs. 105 crore of the group, have been unearthed during the search
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